Navera Investment Management Ltd. Trims Stock Position in Broadridge Financial Solutions, Inc. $BR

Navera Investment Management Ltd. lowered its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,109,355 shares of the business services provider’s stock after selling 11,634 shares during the quarter. Broadridge Financial Solutions makes up about 5.1% of Navera Investment Management Ltd.’s holdings, making the stock its 10th biggest holding. Navera Investment Management Ltd.’s holdings in Broadridge Financial Solutions were worth $264,118,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BR. Norges Bank purchased a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at $123,812,000. Vanguard Group Inc. raised its position in Broadridge Financial Solutions by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider’s stock worth $3,653,086,000 after purchasing an additional 298,273 shares during the period. McElhenny Sheffield Capital Management LLC bought a new stake in Broadridge Financial Solutions in the second quarter worth $53,467,000. Bank of America Corp DE boosted its position in Broadridge Financial Solutions by 24.2% during the second quarter. Bank of America Corp DE now owns 850,904 shares of the business services provider’s stock valued at $206,795,000 after buying an additional 165,965 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Broadridge Financial Solutions by 4.3% during the second quarter. Geode Capital Management LLC now owns 3,292,241 shares of the business services provider’s stock valued at $797,031,000 after buying an additional 136,386 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, President Christopher John Perry sold 3,984 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total transaction of $900,384.00. Following the sale, the president directly owned 44,829 shares in the company, valued at $10,131,354. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas P. Carey sold 10,214 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total value of $2,341,661.64. Following the completion of the sale, the vice president directly owned 6,026 shares in the company, valued at approximately $1,381,520.76. The trade was a 62.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock opened at $218.83 on Friday. The business has a 50 day moving average of $225.80 and a 200 day moving average of $237.07. Broadridge Financial Solutions, Inc. has a 52 week low of $212.33 and a 52 week high of $271.91. The company has a market cap of $25.54 billion, a PE ratio of 28.02 and a beta of 0.99. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.06.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, November 4th. The business services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.19 by $0.32. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 12th were given a $0.975 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.90 annualized dividend and a dividend yield of 1.8%. Broadridge Financial Solutions’s dividend payout ratio is currently 49.94%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BR shares. UBS Group dropped their target price on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, November 13th. Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Morgan Stanley cut their target price on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Monday, December 29th. Finally, DA Davidson reissued a “neutral” rating and set a $240.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $259.83.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm’s core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.